Thursday, July 21, 2011

Apple (AAPL +2.67% to $386.9) posted 3Q EPS of $7.79 ($5.87 expected), a record high quarterly figure, vs $3.51 a year ago on sales of $28.6B (also a record), up 82%. In the quarter the Co sold 20.34M iPhones, up 142%, 9.25M iPads, up 183% and 7.54M iPods, down 20%. CEO Steve Jobs said: "Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall." The Co forecast 4Q EPS at appx. $5.5 vs $6.41 expected.